Birdwatch Note Rating
2024-10-01 11:10:04 UTC - HELPFUL
Rated by Participant: F7CCB47CF255838BCCBC33E1500B6B8D815DC1F8B4A46E27D4E9462230796318
Participant Details
Original Note:
Trade deficits and budget deficits are fundamentally different. A trade deficit is when a country imports more than it exports. A budget deficit happens when the government’s expenditures exceed its revenues, necessitating borrowing or financing to cover the shortfall. https://taxfoundation.org/blog/trade-deficit-myths/
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